Daily News Roundup: Russian Hackers Seek Hush Money From Liberal Groups
March 7, 2017 | Read Time: 1 minute
Progressive Nonprofits and Donor Advisers Said to Be Targets of Russian Hackers: The Center for American Progress and Arabella Advisors are among the liberal groups that Russian hackers have targeted in searching for embarrassing emails and requesting hush money in the form of untraceable Bitcoins, Bloomberg reports, citing investigations by the FBI and private security firms.
Biotech Billionaire’s $12 Million Gift Largely Benefited His Business: Due to an unusual gift contract, the bulk of Patrick Soon-Shiong’s donation to the University of Utah was spent on a struggling company he owns, according to health-news site Stat.
“Orphan” Endowments Are a Burden for State Attorneys General: A patchwork of state laws that dictate what happens to the relatively small amounts of money remaining in endowments from shuttered colleges is causing headaches for attorneys general as the rate of those closings triples, Bloomberg Businessweek reports.
Correction: This post has been updated to include the source of the article on Patrick Soon-Shiong, which was inadvertently omitted in the original version.
